Mattel had net sales of $4,235 million and accounts receivable of $775 million. To one decimal, Mattel's days' sales uncollected was
A) 298
B) 66.8
C) 75.4
D) 81.8
E) 90.2

Name: Mattel had net sales of $4,235 million and accounts receivable of $775 million. To one decimal, Mattel's days' sales uncollected was A) 298 B) 66.8 C) 75.4 D) 81.8 E) 90.2
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Question

Quizplus · Accepted Answer

Days' sales uncollected is calculated as (Accounts Receivable / Net Sales) * 365. Plugging in Mattel's figures: (775 / 4235) * 365 = 66.8.

Mattel Had Net Sales of $4,235 Million and Accounts Receivable